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Citigroup Inc. has reached a deal to sell Baltimore-based personal lender OneMain Financial Holdings Inc. to Indiana financial services company Springleaf Holdings Inc. for $4.25 billion, the companies announced today. The sale, an all-cash transaction expected to close in the third quarter of this year, is set to create a combined company with 1,967 branches in 43 states. It will ...

Submitted by Charles Hugh-Smith of OfTwoMinds blog, By this measure, the U.S. scores very poorly: 4 out of a possible 5 on the Fragility Index. There is a certain logic to the idea that stability is a good predictor for future stability: if a nation's economy and governance are stable and devoid of disorder, this trajectory of stability will be ...

To be sure, we’ve written quite a bit lately about the ECB’s upcoming plunge into the world of 13-figure debt monetization (or as we call it, Draghi’s Waterloo), and while we hate to beat a dead horse, the sheer lunacy of a bond buying program that is only constrained by the fact that there simply aren’t enough bonds to buy, ...

Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co , said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is ...

With IBM earnings sagging and its stock generating a negative annual return of 4.1 percent during the last three years, you might think that legendary investor Warren Buffett is souring on it. But that's not the case.

The Supreme Court could improve American health care by striking down federal subsidies offered through HealthCare.gov -- the federal exchange that sells insurance in states without government-run marketplaces. Most Americans never wanted the Affordable Care Act. A recent Gallup poll found 56% disapprove of the law, and more than 30 states have either failed to set up exchanges or failed to ...

Tax automation software company Avalara is diving into the vacation rental industry, acquiring Denver-based HotSpot Tax. HotSpot is a popular choice among people who rent second homes or rooms on websites like HomeAway. These property owners aren't professional hoteliers, but they're still required to pay special – and often confusing – taxes on their rentals. HotSpot tracks what taxes are ...